NextPower UK ESG (NPUK ESG), a fund managed by NextEnergy Capital, has acquired its 15th asset.
Mere Flats is a ready-to-build, 56-megawatt solar and 16-megawatt colocated battery energy storage (BESS) project located in South Yorkshire, England. This brings NPUK ESG’s portfolio capacity to 731 megawatts.
NPUK ESG is a private unlevered fund investing in greenfield subsidy-free solar projects with power-purchase agreements in the United Kingdom. The fund is expected to achieve more than 400 megawatts of operating capacity in the United Kingdom this year, making a tangible difference in the United Kingdom’s clean-energy mix. NPUK ESG has an additional 300 megawatts of ready-to-build solar and energy storage projects, alongside further near-term acquisitions in its pipeline.
“As the U.K. government pledges to ramp up solar power capacity from 16 gigawatts to 70 gigawatts by 2035, NPUK ESG and the team at NextEnergy Capital are in a great position to capture
